Globus Maritime (NASDAQ:GLBS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Down 0.6 %

GLBS stock opened at $1.57 on Wednesday. The company has a market capitalization of $32.31 million, a P/E ratio of 13.08 and a beta of 0.25. The firm has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.03. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. Globus Maritime has a twelve month low of $0.85 and a twelve month high of $3.15.

Globus Maritime (NASDAQ:GLBS) last released its earnings results on Friday, June 7th. The shipping company reported ($0.01) earnings per share for the quarter. Globus Maritime had a return on equity of 1.37% and a net margin of 7.87%. The company had revenue of $7.71 million during the quarter.

Institutional Investors Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. EWA LLC acquired a new position in Globus Maritime Limited (NASDAQ:GLBS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,523 shares of the shipping company’s stock, valued at approximately $41,000. EWA LLC owned 0.08% of Globus Maritime at the end of the most recent reporting period. 31.60% of the stock is currently owned by institutional investors and hedge funds.

Globus Maritime Company Profile

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.